Cisco Licenses Worldwide Rights to GLOBEtrotter's FLEXlm; Industry Continues Rapid Adoption of FLEXlm for Electronic Software Licensing.
SAN JOSE, Calif.--(BUSINESS WIRE)--May 17, 2000
GLOBEtrotter Software today announced that Cisco Systems (NASDAQ: CSCO) has purchased worldwide license rights for GLOBEtrotter's electronic software licensing technology, FLEXlm(TM).
GLOBEtrotter is the leading supplier of electronic licensing technology for software vendors and the leading supplier of electronic licensing based software asset management products.
According to International Data Corp, over 50% of software revenue will be delivered using electronic licensing by 2003, and virtually all software revenues will be derived from electronic licensing by 2008. Software vendors have shipped over $40 billion worth of software using GLOBEtrotter's FLEXlm electronic licensing technology.
"Cisco's commitment to FLEXlm is another demonstration of how Internet and e-commerce driven companies are adopting electronic licensing as a key strategy across their software product lines," stated Steve McHale, Research Director of IDC's Software Partnering and Alliances group.
Cisco has previously integrated FLEXlm in select software products. This expansion to worldwide license rights permits Cisco to integrate FLEXlm throughout Cisco's products on Windows, NT, Java and select UNIX platforms.
"This expansion by Cisco is part of a much larger software industry trend," said Rich Mirabella, VP Marketing at GLOBEtrotter. "This rapid market adoption is driven by FLEXlm, enables software vendors to offer flexible license terms so all users in a company or department may access software applications, while ensuring that usage is tracked and the vendor is fairly compensated," continued Mirabella. "FLEXlm also provides software vendors with a large variety of options for other licensing practices such as Internet distribution of software and updates that benefit both vendors and customers."
Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. For more information on Cisco and its products, see http://www.cisco.com
GLOBEtrotter Software, Inc., of San Jose, California produces the world's leading products for software vendors to electronically license their software and software asset management tools for large software customers. Over 2,000 software vendors have licensed GLOBEtrotter's electronic licensing technology. On March 28, 2000, Macrovision Corporation (NASDAQ: MVSN) signed a letter of intent to acquire privately held GLOBEtrotter. For more information on GLOBEtrotter and its products, see http://www.globetrotter.com.
Macrovision Corporation develops and markets content copy protection and rights management technologies and products to prevent the unauthorized duplication, reception or use of video and audio programs and computer software. Macrovision licenses its products and services primarily to the consumer multimedia and business software publishers, home video, pay-per-view, cable, satellite and video security markets. Macrovision has its headquarters in Sunnyvale with subsidiaries in London and Tokyo.
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|Date:||May 17, 2000|
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